Singapore's DBS Pulls Off Biggest Debt Offering

A signal of times to come, Southeast Asia?s largest bank, DBS Group Holding Ltd., raised $2 billion in its biggest sale of bonds in the market today. With development peaking in the region, the major lender is hoping to capture further potential for the future as development and construction companies continue to require lending for major projects in Singapore. The fourth largest economy in Asia, Singapore has become a major market with bank lending rising a healthy 10.3 percent to S$201.4 billion this time a year ago.